Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) Stock Short Interest Falls 51.0%

Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 39,267 shares, a decline of 51.0% from the August 31st total of 80,202 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 108,178 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CGIB. Envestnet Asset Management Inc. boosted its position in Capital Group International Bond ETF (USD-Hedged) by 24.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,412,532 shares of the company’s stock worth $36,062,000 after purchasing an additional 276,881 shares during the period. Janney Montgomery Scott LLC grew its stake in Capital Group International Bond ETF (USD-Hedged) by 92.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 257,602 shares of the company’s stock valued at $6,501,000 after buying an additional 123,689 shares during the last quarter. Assetmark Inc. raised its holdings in Capital Group International Bond ETF (USD-Hedged) by 43.7% in the 1st quarter. Assetmark Inc. now owns 110,827 shares of the company’s stock valued at $2,797,000 after acquiring an additional 33,694 shares during the period. Royal Bank of Canada lifted its position in Capital Group International Bond ETF (USD-Hedged) by 8.2% during the first quarter. Royal Bank of Canada now owns 108,697 shares of the company’s stock worth $2,743,000 after acquiring an additional 8,275 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Capital Group International Bond ETF (USD-Hedged) by 29.8% in the first quarter. Sei Investments Co. now owns 89,348 shares of the company’s stock valued at $2,255,000 after purchasing an additional 20,501 shares during the last quarter.

Capital Group International Bond ETF (USD-Hedged) Stock Performance

Capital Group International Bond ETF (USD-Hedged) stock remained flat at $24.89 during mid-day trading on Tuesday. 109,358 shares of the company were exchanged, compared to its average volume of 102,668. Capital Group International Bond ETF has a 1-year low of $24.85 and a 1-year high of $26.41. The firm’s 50 day simple moving average is $25.23 and its 200 day simple moving average is $25.29.

Capital Group International Bond ETF (USD-Hedged) Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th will be paid a $0.0250 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.30 dividend on an annualized basis and a yield of 1.2%.

About Capital Group International Bond ETF (USD-Hedged)

The Capital Group International Bond ETF (USD-Hedged) (CGIB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high-level of current income and capital preservation by actively investing in global debt securities with broad credit ratings and maturities. CGIB was launched on Jun 25, 2024 and is issued by Capital Group.